Corporate Credit and Collections Director
7 days ago
Overview:
Magna Search Group is seeking a seasoned Credit and Collections professional to lead our client's team in Fremont, Ohio. The selected candidate will be responsible for managing the credit and collections processes, improving accounts receivable assets, and developing strategies to enhance performance and customer service.
Salary Range:
$130,000 - $145,000 per year, plus benefits
Key Responsibilities:
- Manage the daily operations of the Credit and Collections Team, ensuring efficient and effective management of accounts receivable assets.
- Evaluate credit worthiness for new and existing customers, analyzing reports and financial statements to make informed decisions.
- Work on complex bankruptcy files and oversee a large portfolio of invoices (10,000+) with a high volume of past due collections (10-15% monthly).
- Identify and implement continuous process improvement opportunities to optimize collection practices and internal control systems.
- Maintain accurate and timely reporting of daily, weekly, and monthly activity to monitor performance and evaluate results.
- Support financial planning by designing and implementing strategies to improve cash flow and reduce bad debt.
- Follow up on customer accounts to resolve outstanding receivables and maintain strong relationships with clients.
- Ensure seamless month-end closing processes and ensure all entries/transactions are accurately posted.
- Responsible for staff selection, performance evaluation, and professional development of assigned team members.
- Develop and implement policies, procedures, and standards for collection practices.
- Oversee work planning, delegation of assignments, motivation, and mentoring to foster a collaborative work environment.
Requirements:
- Bachelor's degree in Accounting or Finance.
- At least 7 years of experience in Credit and Collections, with 3+ years in management roles.
- Proven track record of successful credit management in manufacturing, building materials, wholesale, distribution, or other relevant industries.
- Experience with deposits, retainers, or AIA.
- Proficient in Microsoft Office applications, Excel, and other business technologies.
- Ability to examine and re-engineer operations and procedures to improve efficiency.
- Knowledge of federal, state, and local regulations, guidelines, and standards related to credit and collections.
- Familiarity with accounts receivable principles, procedures, and documentation.
About Us:
Magna Search Group is a leading recruitment agency specializing in placing top talent in various industries. We pride ourselves on our expertise, personalized approach, and commitment to excellence. Our goal is to provide exceptional candidates that meet the unique needs of our clients.
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